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$235,000
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Property Description
5061 W. Lake Street is a 13,500 square foot parcel with two buildings totaling approximately 3,000 square feet feet available for sale via auction. This property is currently rented month-to-month by an automotive shop and generates rent annually. The property is situated along Lake Street in West Garfield Park and is located in the PMD-9 zoning district. The zoning would allow for a variety of uses including automotive and repair shops. This area is undergoing revitalization, attracting investors interested in urban redevelopment and community growth. The property's location offers easy access to major transportation routes, including the CTA Green Line and I-290. With the neighborhood's potential for appreciation, driven by ongoing improvements and community initiatives, this is a great oppportunity for a user or investor. Located on the west side of Chicago, this property is a few blocks from Green Line stations and a short drive from the Eisenhower Expressway. West Garfield Park has become a desirable location for many businesses including boutiques, restaurants and bars. With increasing gentrification, the area is attracting a diverse group of entrepreneurs. 5061 W. LAKE STREET
Full Property Details
Full Property Details for 5061 W Lake St
General
- Sold For: $235,000
- Taxes: $11,604 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12351507
- Added to Site: 7 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: North Cicero Ave to West Lake Street
- Location Details: Chicago West
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
Structural Information
- Drive-In Doors: 1
- Stories/Levels: 1
- Square Feet: 3,000
- Year Built: 1919
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 13,500
- Lot Dimensions: 60 x 225
- Zoning: PMD
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other
- Assessment Year: 1919
- Tax Amount: $11,604.5
- Tax Year: 2023
Disclosures and Reports
- Property ID: 16094030180000
Listed by Millennium Properties RE, Inc.
Sold by Millennium Properties RE, Inc.
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Schools
Schools serving 5061 W Lake St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Spencer Technology Acad Elementary School 214 North Lavergne Avenue, Chicago, IL 60644 | PK-8 | 0.2 mi |
Marshall Metropolitan High School 3250 West Adams Street, Chicago, IL 60624 | 12-11 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5061 W Lake St
Date
Details
Price
Change
Source
2/25/2026
Sold
$235,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5061 W Lake Street, Chicago, IL 60644 (MLS# 12351507) is a Commercial property that was sold at $235,000 on February 25, 2026. Want to learn more about 5061 W Lake Street? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

